The establishment of a Rs 1,895-crore plant by the Japanese company Mitsubishi Electric Corporation and Tamil Nadu is a rare instance of 100 percent foreign direct investment (FDI) in Indian electronic equipment manufacture….
For the purpose of producing room air conditioners and compressors, Mitsubishi Electric Corporation (MEC) intends to invest around $222.5 million in the establishment of a factory in Tamil Nadu. According to a statement…